The Euro eased up against the US Dollar during early trading on Thursday, but losses were limited after statements from US policy makers re-ignited hopes that a deal could be struck to help avoid sharp fiscal tightening which may hurt the global economy.
For the time being, the US fiscal cliff issue seems to be the dominant theme with a lot of politicians and policy makers trying to broker a deal with the White House to avoid a crisis.
Even President Barack Obama went on to state on Wednesday that he hoped an agreement with Congress could be reached well before Christmas. Only time will tell how this one plays out.
For the time being, the US fiscal cliff issue seems to be the dominant theme with a lot of politicians and policy makers trying to broker a deal with the White House to avoid a crisis.
Even President Barack Obama went on to state on Wednesday that he hoped an agreement with Congress could be reached well before Christmas. Only time will tell how this one plays out.
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